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Meeting Overview The meeting was a live investment summit for Karora Resources, featuring presentations from the company's leadership team about their growth plans, particularly focusing on increasing gold production to 200,000 ounces per year by 2024. The discussion also touched on the challenges posed by COVID-19 and the company's proactive measures in response. Key Discussion Points - Introduction of the leadership team and their roles. - Overview of the company's growth plan to reach 200,000 ounces of gold production annually by 2024. - Current production guidance for 2021, 2022, and projections for 2023 and 2024. - Cost reduction strategies targeting an all-in sustaining cost of $900 per ounce by 2024. - Discussion of organic growth funded by existing cash and future cash flow. - Highlighting potential upside projects, including the Larkin Gold Zone and nickel byproduct opportunities. - The impact of COVID-19 on operations and the company's response to lockdowns. Decisions Made...
Executive Vice President, Corporate Development at Karora Resources
With over 10 years experience in the mining industry, Mr Turner was Formerly Senior Vice President of Precious Metals Equity Research at GMP Securities for seven years following experience in industry as a mining engineer with Wardrop Engineering. Mr. Turner holds a Bachelor of Science in Mining Engineering from Queen’s University and is a CFA® charterholder
Speaker 1: Hello everyone and welcome to Karora Resources live investment summit today, hosted by 6. We're joined today by Paul Hewitt, Karora's chairman and CEO, Oliver Turner, their Executive Vice President of Corporate Development, and Graham Sloan, the company's Managing Director of Australian Operations. Speaker 1: The team's gonna walk us through their company presentation and after which we'll move to a live Q&A session where we'll be accepting questions Speaker 1: and you can submit your questions of course at any time using the Q&A panel found on the right hand side of your screen. As always, the summit is being recorded and will be available to watch afterwards on SIX.com. Speaker 1: And without further ado, Paul, I'm going to hand it over to you and you can kick things off. Speaker 2: Thanks, Cam. And welcome, everyone. Speaker 2: We're actually very excited to spend this next hour to go through our latest press release Speaker 2: about our growth plan to 200, 000 ounces a year. Speaker 2: We're here in Perth and unfortunately it's not like in Toronto, it's not noon, it's actually, it's midnight. So Speaker 2: we're actually so excited about doing this that we don't mind whatsoever. Speaker 2: However, in the last 60 minutes, Speaker 2: I will inform you that we've been notified Speaker 2: that Western Australia Speaker 2: is once again back in lockdown. Speaker 2: So, Speaker 2: COVID isn't over yet and and the 1 thing I will admit Speaker 2: that I'm very proud Speaker 2: of Graham and the team with what we have done here very proactively to deal with COVID as a whole and I'm watching it firsthand here Speaker 2: tonight as we're dealing with it with the 100 calls we've had from minors Speaker 2: people that have to stay back on site that are willing to ...